New Orleans Pelicans Sign Jose Alvarado to Two-Year, $9 Million Contract Extension

The New Orleans Pelicans have secured their point guard position by agreeing to a two-year, $9 million contract extension with Jose Alvarado, as reported by Shams Charania of The Athletic. This move not only emphasizes the Pelicans’ commitment to the 26-year-old player but also solidifies Alvarado’s role as a key member of the team moving forward.

Details of the Contract Extension

The newly negotiated extension includes a $4.5 million salary for the 2025-26 season and a player option for the 2026-27 campaign. Additionally, Alvarado’s existing club option worth just under $2 million for the 2024-25 season has been guaranteed. This comprehensive contract shows the Pelicans’ confidence in Alvarado’s potential and contributions to the team.

Alvarado’s Impact on the Team

Having spent all three of his NBA seasons with the Pelicans, Alvarado has made a notable impact. Last season, he averaged 7.1 points, 2.3 rebounds, and displayed efficient shooting percentages, hitting 41.2 percent of his field goal attempts and 37.7 percent from beyond the arc. His versatility as a guard allows him to not only score but also facilitate plays and create opportunities for his teammates.

Despite facing injury challenges, including a right ankle sprain that limited his playing time at the start of the 2023-24 season, Alvarado has shown resilience. He has maintained a steady presence on the court, averaging over one steal per game for two consecutive seasons, highlighting his defensive prowess and ability to impact the game on both ends of the floor.

Strengthening the Backcourt

With the recent acquisition of star point guard Dejounte Murray from the Atlanta Hawks, Alvarado’s role is set to become even more crucial. The Pelicans’ backcourt is poised for a significant upgrade as Alvarado complements Murray’s play style. The partnership is expected to enhance the team’s offensive and defensive capabilities, making the Pelicans a more formidable opponent in the highly competitive Western Conference.

Looking Ahead: A Promising Season

As the 2024-25 NBA season approaches, the Pelicans are optimistic about the upcoming campaign. Alvarado’s extension is seen as a strategic move to bolster the team’s performance and align with their broader ambitions of making a deep playoff run. Fans are eagerly anticipating his much-anticipated debut alongside Murray on October 23 against the Chicago Bulls, marking the start of a promising dynamic partnership in the backcourt.

Conclusion

The New Orleans Pelicans’ decision to extend Jose Alvarado’s contract is a testament to their belief in his talent and potential. With a strong supporting cast and a commitment to growth, the Pelicans are positioning themselves for success in the upcoming season. As Alvarado continues to develop and contribute to the team, fans can look forward to an exciting year of basketball ahead.